About 500 workers will lose their job.
According to The Times, Rio flagged the possibility of a writedown in August.
True North Gems expects to start production towards the end of winter of 2015.
A 46% drop in revenues.
Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.
Woo served as a U.S. State Department representative in Asia for about 15 years with postings in countries including China, Japan and Australia.
The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.
Five million litres of wastewater will be disposed at the Brookfield-based plant following a successful pilot project earlier this spring.
Two independent reports, funded in part by Ontario, highlight the significant economic impacts — including job creation — of the province's mineral sector activity, and provide advice on how to maximize this impacts.
The head of a group of Canadian oil sands producers, including some of the world’s biggest energy companies, said Monday that the consortium has committed to reducing the use of fresh water at some operations.
Philippe Mellier will address a special all-day session focused on issues associated with the Kimberley Process.
Members of the World Gold Council spent last year a total of $47 billion in countries hosting their mining operations.
Agnico Eagle Mines Ltd. has asked the federal government to intervene and provide compulsory arbitration in its talks with the Kivalliq Inuit Association on an Inuit impacts and benefits agreement for the proposed Meliadine gold project.
The miner beat estimates after logging a 16% jump in Q3 nickel production, taking total output of the metal this year to 201,400 metric tons.
The National Energy Board said Kinder Morgan can conduct survey work at Burnaby Mountain, despite opposition from the city.
The company is approaching the end of a decade-long, US$8.3-billion investment program to boost its potash production capacity.
The dispute dates back four years. Some locals still refuse to use certain shops in the village because their owner has taken one side or another regarding a proposal by Canadian company Asturgold to mine one of Europe’s last major gold reserves.
Husky Energy Inc. says the price tag for a multibillion-dollar oil sands project jumped by $400-million, another sign that energy companies are struggling to contain costs in northern Alberta.
Recently, Barrick Gold Corp. invested in the Las Vegas Global Economic Alliance’s ‘Engage Southern Nevada’ investment campaign, which launched last year and is a three-year undertaking to raise $7.5 million for regional economic development. Thanks to companies such as Barrick Gold, the endeavor is continuing to gain momentum.
The move is seen by analysts as an attempt to strengthen the firm’s image.
Tanzania's largest gold miner reported a 17% jump in third-quarter core profit, and said it anticipates full-year costs at the lower end of it target range of $1,100-$1,175 per ounce sold.
It said cleanup of the wood that was dislodged after the breach in Quesnel Lake will be completed by mid-November.
A standout among three of the best Alaska and Yukon gold juniors today.
Recognizing the realities of global energy sector competition and under fire from major LNG proponents prior to being finalized, the BC Liberal government’s tax structure for liquefied natural gas production in the Western Canadian province.
Ontario’s “Ring of Fire” mineral belt was supposed to be a $60-billion natural resources treasure trove that would bring employment and economic prosperity to a remote part of the province’s north. It hasn’t worked out that way.
Research analysts at TD Securities dropped their target priceon shares of Potash Corp./Saskatchewan (TSE:POT) from C$39.00 to C$38.00 in a report released this week.
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